Crisis & Recovery Consulting Demand Driven by Local Debt Issues

PETERBOROUGH, NH--(Marketwire - Aug 29, 2011) - According to research from Kennedy Consulting Research & Advisory, significant new demand for Crisis & Recovery Consulting (C&R) is from local, state and sovereign entities faced with myriad debt issues and exiting distressed investments.

"These issues will not be simple to resolve, and it is also not clear how voters and bondholders will react to typical C&R fees for work with these entities," according to Erick Burchfield, Senior Director of Research Management for Kennedy Consulting Research & Advisory. "Still, there is tremendous potential for demand from the public sector going forward."

While the dramatic overall spike in demand for Crisis & Recovery services that occurred during the global economic crisis is all but gone, Kennedy has identified other pockets of opportunity in addition to corporate debt refinancing. Among them are: near-term regulatory and lending changes in small and developing markets; the increased use of prepackaging and shortened bankruptcy durations; and post-downturn "second wave" issues, such as supply chain failures impacting clients who are otherwise well-prepared for adversity.

Since 1970, Kennedy Consulting Research & Advisory has been the world's leading source of market analysis on the Management and IT consulting industries, serving the most highly regarded professional services firms and Fortune 500 companies across the globe. Kennedy's stand-alone consulting advisory unit, Kennedy Information Advisors, provides results-oriented strategic guidance to buyers and sellers of consulting services.